Salehian.com 647-325-5000

1765 Cowichan Bay Rd

Cowichan Bay, Duncan, BC, V0R1N0

Listed by REMAX Professionals (NA)

$4,200,000

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  • 5300 sq ft

Listed 77 days ago · MLS® 1044948

About this home

Rare turnkey opportunity on Vancouver Island's protected south coast: The Bluenose Marina, a marina and float-home community set on 2.19 acres of waterfront in picturesque Cowichan Bay, with approximately 56 slips, six float homes, and five established commercial tenants in place. This well-improved, income-producing marine asset also delivers a truly unmatched coastal lifestyle, appealing equally to the investor and the owner-operator. Moorage in the bay is scarce, making an offering like this exceptionally hard to replicate, and current moorage tenants are mostly long-term, with few seasonal. The curated commercial mix, the Vine Restaurant, Udder Guys Ice Cream, an art and artisan shop, a boutique, and a dockside kayak tour operation, are successful, established businesses generating steady foot traffic and retail income. The property indicates an approximate 8% cap rate based on the current year's performance and anticipated expenses. The infrastructure is a standout. A solid dock system has been rebuilt in heavy Douglas fir with foam flotation, including approximately 120 feet of concrete dock for larger vessels. Power is 3-phase, 400-amp, distributing up to 50 amps at each slip, and a large-capacity vacuum septic system has been installed. Included assets comprise a service barge with workshop and storage, along with the equipment and supplies on-site. A year-round operating water system was recently installed. Step off the dock and Cowichan Bay is yours: a welcoming village of waterfront restaurants, pubs, and galleries, minutes from Sansom Narrows, the Gulf Islands, and some of the finest cruising waters on the coast. With strong, diversified income and a lifestyle found only here, The Bluenose Marina is a genuinely unique offering. Contact the listing team for the full information package. (id:66966)

Details

Type
Other
Size
5300 sq ft
Property tax
$20,813
Neighbourhood
Cowichan Bay
Municipality
Duncan

Interior

Fireplace
No

Building and exterior

Building area
5,300 square feet

More

Business type
Recreation

Location

Location is approximate. See nearby homes on the map

Listed by REMAX Professionals (NA).

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